Nifty holds 10,050 amid consolidation; IOC continues to rally

Equity benchmarks continued to be rangebound in afternoon trade as investors looked for remaining corporate earnings due this week.

The 30-share BSE Sensex was up 7.37 points at 32,332.78 and the 50-share NSE Nifty gained 8.80 points at 10,075.20.

The broader markets extended gains, with the BSE Midcap and Smallcap indices rising nearly 1 percent on strong breadth.
About 1,424 shares advanced against 911 declining shares on the BSE.

IOC rallied further today, up nearly 3 percent on top of 8 percent rally in Friday’s session post better-than-expected refining margin.

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Posted in: Indian Market Tips